Akfen Denies Bids Placed for TAV, Sets February Deadline

Vinci SA of France, Carlyle Group LP and the Qatar Investment Authority didn’t place bids for Turkish airport operator TAV Havalimanlari Holding AS, said Hamdi Akin, the chairman of TAV’s owner Akfen Holding AS, denying earlier media reports.

“At the moment there are no such bids and the news is incorrect,” Akin said in an interview in Istanbul today. “There are no such names.”

Akfen and partner Tepe will receive bids for TAV on Feb. 17 or Feb. 21, Akin said. They hired Credit Suisse for a possible sale of a stake in September.

Akfen fell 0.4 percent to 8.96 liras at 11:25 a.m. in Istanbul, reversing earlier gains and sliding for the first day in five. TAV declined 0.7 percent to 8.42 liras, dropping for a second day. TAV climbed to the highest since 2007 on Feb. 3, on bets that the sale of a stake in TAV to one of the three reported bidders would prompt an offer to buy the shares of remaining investors.

Vinci SA (DG), Carlyle and QIA are the leading bidders for a 36 percent stake in TAV, Reuters reported on Feb. 3, citing three people it didn’t identify.

Six companies, including Aeroports de Paris, are interested in buying TAV, Vatan newspaper reported on Dec. 16.

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

To contact the editor responsible for this story: Riad Hamade at rhamade@bloomberg.net

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